Under contract MLS# 2172408 · 102 days on the market
$1,500,000
It starts with a call with an agent.
261 N Redwood Rd #1, Salt Lake City, UT 84116
About this home
4 Plex + Land Great development opportunity. 0.94 Acres. The value of this property is in the land for developing new homes or apartments. There are two different entryways to the property, one off of Redwood Road and the other off of Gemini Street. Great investment for 26 or more New townhomes to be built. There is a four-plex on the front of the land that brings in a monthly cash flow of around $4,000. Bring your builder, great location close to Trax. Figures are provided as a courtesy estimate only; the Buyer is advised to obtain independent measurements. DO NOT DISTURB TENANTS!! Seller is participating in a 1031; cooperation is requested. Broker/Agent Owned
Written by the listing agent.
Location
The market in Salt Lake City today
$1,500,000 is 67% above the median asking price in Salt Lake City.
At $536 per sqft it asks 80% more than the median in the city.
49% of the listings for sale have lowered their price at least once.
From the listings for sale, as of October 26, 2026. Asking prices only: Utah does not make sold prices public.
Living in Salt Lake City
Salt Lake City is the capital and most populous city of Utah, founded in 1847 and located in a valley near the Great Salt Lake.
- 199,723 residents (2020)
- 24 rail stations
- 79 named trails
- 101 named parks
Monthly payment
- Principal & interest
- $8,312
- Property tax
- $491
- Home insurance
- $110
10% down ($150,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Side By Side
- Lot
- 0.94 acres
- Effective year built
- 1985
- County
- Salt Lake
- Faces
- East
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Salt Lake
Similar homes nearby
More multi-unit in Salt Lake City ›
Listing courtesy of Red Butte Realty / Chereneh D Konold. Based on information from UtahRealEstate.com as of 8/10/2026 8:00 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy.